Salzgitter AG remains independent: cooperation with Papenburg secured!

Salzgitter AG remains independent: cooperation with Papenburg secured!

Wolfsburg, Deutschland - Salzgitter AG announced on May 22, 2025 at its general meeting in Wolfsburg that, despite a takeover offer by GP Günter Papenburg and TSR recycling, she wants to continue to hold on to its independence. CEO Gunnar Groebler emphasized the long -term and stable business relationships with both companies and made it clear that the discussions about a takeover was declared over. The decision is mainly due to considerable differences in the company's evaluations. Salzgitter had rejected a non -binding offer of 18.50 euros per share, while the market price of the share was last over 22 euros.

Gunnar Groebler spoke of a "very constructive exchange" during the conversations, but pointed out the significant differences in the values. Papenburg is the largest individual shareholder with a share of 26.7 percent, followed by the state of Lower Saxony, which holds 26.5 percent. Finance Minister Gerald Heere (Greens) confirmed that Lower Saxony stands for his participation in Salzgitter AG and supports the transformation course towards Grüner Stahl.

independence and transformation

Salzgitter AG plans to remain independent and continue its comprehensive transformation measures. This is supported, among other things, by the new P28 performance program, which pursues a savings goal of 500 million euros. By the end of 2024, around 130 million euros are to be realized. As part of this transformation, the Salcos® initiative is launched, which aims to produce almost CO2-free steel by 2033. An initial investment of around 2.3 billion euros is planned for this.

The steel industry is on a crucial scabbard across Germany, as a study by Oliver Wyman and IW Consult shows on behalf of the Stahl business association. This emphasizes the importance of the industry for industrial networks and the overall economic resilience. The steel industry contributes significantly to the production value, added value and employment in Germany, which underlines the need to actively address challenges such as decarbonization and high energy prices.

steel demand and market development

Gunnar Groebler and the management team have introduced strategic adjustments to reduce costs and improve the income. A special task force is dedicated to the requirements in the defense sector, which has shown a strong interest. Salzgitter is therefore a strong partner for future infrastructure projects, especially in the production of pipelines for natural gas, hydrogen and CO2.

Positive influence expect the company managers from the economic policy measures of the new federal government, in particular in terms of climate protection, infrastructure and defense. According to the study mentioned and the assessments of experts, the transformation of the steel industry is crucial for the stability of German supply chains.

Salzgitter AG, in the middle of these changes, would like to consolidate their role as an important player in German industry and proactively tackle the challenges of the future. The focus on the production of green steel is not only seen as an environmental policy goal, but also as a key to the economic resilience of industrial middle class.

For further information on your own initiatives and developments, you can do the press releases directly on the website of the Salzgitter AG and the href = "https://www.wvstahl.de/pressemitteilungen/studie-die-stahlindustrie-am-scheide-way-wegberiter-fuer-transformation-und- total economy-resilience/"> Business association steel .